NOT LISTED FOR SALE

540 Mira Vista Ave Oakland, CA 94610

Grand Lake Neighborhood

Estimated Value: $1,781,035 - $2,021,000

8 Beds
4 Baths
4,366 Sq Ft
$434/Sq Ft Est. Value

Last Sold June 18, 2020

Last sale price $1,813,000 $415 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $12,676/month

40 Days on Market

Highlights

  • Panoramic View
  • Contemporary Architecture
  • Secured Garage or Parking
  • Oakland Technical High School Rated A
  • Controlled Access
  • Forced Air Heating System

About This Home

As of June 2020

Excellent Investment Opportunity! Recent appraisal at $1.9M! Well Maintained Contemporary Fourplex with historically strong occupancy rate located near desirable Oakland Rose Garden, an affluent neighborhood bordering Upper Grand Lake and Piedmont. Consists of 4 large 1000+sqft units: 2BD/1BA, kitchen, living rm, separate dining, in-unit laundry rm, and extra storage. Two units have been remodeled. Back units have sweeping views of the Oakland foothills. Shared backyard. Secured access entry. Three separate garages. Easy access to I580, BART, AC Transit, Lake Merritt, shopping (Whole Foods, Trader Joes, Starbucks, etc.) as well as restaurants, boutiques, and famous Grand Lake Theatre, etc.)

Last Agent to Sell the Property

John Farrell

Farrell RealEstate Investments License #00940255 Listed on: 04/08/2020

Last Buyer's Agent

Jeff Rosenbloom

Red Oak Realty License #01228881

Red Oak Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $28,413

Year Built

  • 1951

Lot Details

  • 5,998 Sq Ft Lot

Parking

  • 3 Car Garage
  • Secured Garage or Parking
  • On-Street Parking
  • Off-Street Parking

Property Views

  • Panoramic
  • City Lights
  • Hills

Home Design

  • Quadruplex
  • Contemporary Architecture
  • Tar and Gravel Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,366 Sq Ft Home
  • 2-Story Property
  • Monitored
  • Washer and Dryer Hookup

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $112,800

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $2,900
  • Insurance Expense $2,112
  • Other Expense $1,032
  • Utility Expense $2,412
  • Trash Expense $2,074
  • Operating Expense $23,892
  • Gross Income $112,800

Security

  • Controlled Access

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,413

Year Built

1951

Lot Details

0

Parking

3

Listing Details

  • Zoning: Fourplex
  • Subclass: Fourplex
  • Style: Contemporary
  • Age: 69
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4366
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1951

Interior Features

  • Living Sq Ft: 4366
  • Stories: 2
  • Security: Controlled / Secured Access, Secured Garage / Parking, Video / Audio System
  • Laundry: Hookups Only

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition, Tar And Gravel
  • View: City Lights, Hills, Panoramic

Garage/Parking

  • Garage Spaces: 3
  • Parking Spaces: 3
  • Garage Parking Features: Attached Garage, Off-Street Parking, On Street

Utilities

  • Heating System: Central Forced Air, Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Alameda City Unified

Lot Info

  • Lot Acres: 0.1377
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6000.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 15.94
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 2112
  • Expense Landscape: 2900
  • Expenses Other: 1032
  • Expenses Total: 23892
  • Expenses Utility: 2412
  • Expense Trash: 2074
  • Income Annual Gross: 112800.00
  • Income Annual Rental: 112800
  • Income Gross Scheduled: 112800
  • Income Includes: Rents
  • Meters: Master Water, Separate Common Area, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair, Services - Gardener, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2020
Closed on
Jun 1, 2020
Sold by
Romero Lynda Taylor
Bought by
Heller Sarah Siobhan and Carr Ethan Diengott
Seller's Agent
John Farrell
Farrell RealEstate Investments
Buyer's Agent
Jeff Rosenbloom
Red Oak Realty
List Price
$1,798,000
Sold Price
$1,813,000
Premium/Discount to List
$15,000
0.83%
Current Estimated Value
$1,895,509

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,509
Avg. Annual Appreciation
0.86%
Original Mortgage
$1,359,750
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 24, 2019
Sold by
Romero Lynda Taylor and Lynda Taylor Romero Revocable
Bought by
Romero Lynda Taylor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,045,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 28, 2018
Sold by
Romero Lynda T
Bought by
Romero Lynda Taylor and Lynda Taylor Romero Revocable

Purchase Details

Closed on
Jul 24, 2012
Sold by
Jolley Barbara Janet
Bought by
Romero Lynda T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$592,000
Interest Rate
3.65%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Heller Sarah Siobhan $1,813,000 Chicago Title Company
Romero Lynda Taylor -- Ticor Ttl Orange Cnty Branch
Romero Lynda Taylor -- None Available
Romero Lynda T $740,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Heller Sarah Siobhan $1,374,000
Closed Heller Sarah Siobhan $1,359,750
Previous Owner Romero Lynda Taylor $1,045,000
Previous Owner Romero Lynda T $920,000
Previous Owner Romero Lynda T $770,000
Previous Owner Romero Lynda T $592,000
Previous Owner Jolley Barbara Janet $371,250
Previous Owner Jolley Barbara Janet $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2020 06/18/20 Sold $1,813,000 +0.8% $415 / Sq Ft
05/19/2020 05/19/20 Pending -- -- --
04/08/2020 04/08/20 For Sale $1,798,000 -- $412 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $28,413 $1,650,000 $495,000 $1,155,000
2024 $28,413 $1,650,000 $495,000 $1,155,000
2023 $30,057 $1,905,770 $571,731 $1,334,039
2022 $29,083 $1,868,404 $560,521 $1,307,883
2021 $27,841 $1,831,781 $549,534 $1,282,247
2020 $14,072 $833,210 $249,963 $583,247
2019 $13,362 $816,878 $245,063 $571,815
2018 $13,077 $800,864 $240,259 $560,605
2017 $12,489 $785,161 $235,548 $549,613
2016 $12,137 $769,770 $230,931 $538,839
2015 $12,070 $758,210 $227,463 $530,747
2014 $12,489 $743,358 $223,007 $520,351
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    John Farrell

    Farrell RealEstate Investments

  • Jeff Rosenbloom

    Buyer's Agent in 2020

    Jeff Rosenbloom

    Red Oak Realty

    (510) 290-6559

    2 in this area

    74 Total Sales

    Jeff Rosenbloom
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Map

Source: MLSListings

MLS Number: ML81788937

MLSListings

APN: 010-0827-050-00

California Alameda County Oakland 94610 Grand Lake

540 Mira Vista Ave, Oakland, CA

This home is located at 540 Mira Vista Ave, Oakland, CA 94610 since 08 April 2020 and is currently estimated at $1,895,509, approximately $434 per square foot. This property was built in 1951. 540 Mira Vista Ave is a home located in Alameda County with nearby schools including Piedmont Avenue Elementary School, Westlake Middle School, and Oakland Technical High School.

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